Several years after reengineering its production process, King Corporation hired a new controller, Georgia Taylor. The number of parts is now a feasible allocation base because King recently installed a plantwide (Click the icon to view additional information.) computer system. King produces two wheel models: Standard and Deluxe. Budgeted For the upcoming year, King's budgeted ABC manufacturing overhead allocation rates are as follows: data for the upcoming year are as follows: (Click the icon to view the additional data.) (Click the icon to view the additional data.) Read the requirements. Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Data table Data table Requirements 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. 2. Compute the manufacturing overhead cost per wheel of each model using ABC. 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Several years after reengineering its production process, King Corporation hired a new controller, Georgia Taylor. The number of parts is now a feasible allocation base because King recently installed a plantwide (Click the icon to view additional information.) computer system. King produces two wheel models: Standard and Deluxe. Budgeted For the upcoming year, King's budgeted ABC manufacturing overhead allocation rates are as follows: data for the upcoming year are as follows: (Click the icon to view the additional data.) (Click the icon to view the additional data.) Read the requirements. Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Data table Data table Requirements 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. 2. Compute the manufacturing overhead cost per wheel of each model using ABC. 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system